Angola’s state-owned oil company, Sonangol, is in discussions with Chinese and European banks to secure funding for a $4.8 billion shortfall in its planned Lobito refinery. Sonangol is seeking funding for a $4.8 billion shortfall in its Lobito refinery project. Sonangol is in discussions with Chinese and European banks, and is confident financing will be…
United States President, Donald Trump has announced a 90-day pause on the imposition of new tariffs across several countries, signaling a temporary shift in the administration’s aggressive trade posture. President Trump announced a 90-day pause on new tariffs across several countries During this period, the U.S. will implement a 10% reciprocal tariff on imports from…
Policy think tank IMANI Africa has urged the Government of Ghana to broaden its international trade partnerships beyond the United States, following the imposition of a 10% tariff on Ghanaian exports by the US administration. IMANI Africa urges Ghana to broaden international trade partnerships Diversification is essential to cushion the Ghanaian economy from external trade…
Egypt will sell stakes in several military-owned companies through its $12 billion sovereign wealth fund. Egypt plans to sell stakes in military-owned companies through its sovereign wealth fund. The privatization drive is aimed at enhancing private sector involvement and meeting IMF conditions. The sovereign wealth fund was established in 2018 to attract foreign investment and…
With foreign powers competing for military, political, and economic dominance as well as the emergence of new political philosophies in certain African countries, the struggle for influence in Africa has never been more intense. Currently there has been a number of Russian military cooperation in Africa. Business Insider Africa presents the list of African countries…
Professor Isaac Boadi, Executive Director of the Institute for Economic Research and Public Policy (IERPP) and Dean of the Faculty of Accounting and Finance, has raised red flags over the government’s proposed tax reforms for 2025. Proposed tax reforms for 2025 could cost Ghana between GH¢5.5 billion and GH¢7.1 billion in lost revenue Abolishing the…
The United States, on Tuesday, received the 3 Americans tied to the attempted coup that was orchestrated against the current president of the Democratic Republic of Congo (DRC) Felix Tshisekedi, last year. Three Americans involved in the attempted coup against the President of the Democratic Republic of Congo have been released. The decision to release…
Cape Town, the most expensive city in Africa for real estate, is looking to streamline home development as thousands flock to the metropolitan area in search of a better life. Cape Town is the most expensive city in Africa for real estate. Influx of people is putting pressure on the residential property market valued at…
The Democratic Republic of Congo (DRC) has ended its $5 million lobbying contract with a US public relations firm, choosing instead to engage in direct dialogue with the Trump administration. The Democratic Republic of Congo ended its $5 million lobbying contract with a US PR firm It aims to engage in direct dialogue with the…
